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Bloomberg
44 minutes ago
- Bloomberg
Myanmar Junta Sets Dec. 28 for First Phase of General Election
Myanmar's military regime said it has scheduled Dec. 28 for the first phase of a general election, despite ongoing civil conflict and boycotts by democratic opposition groups. The Union Election Commission announced Monday that seats in both chambers of parliament as well as at the provincial level would be contested in the 'multi-party democratic general election.' The military seized power in a 2021 coup, triggering armed conflict that left large swaths of the country under the control of armed ethnic groups.
Yahoo
an hour ago
- Yahoo
Oil Gains as Focus Shifts to Zelenskiy Meet After Alaska Summit
(Bloomberg) -- Oil rose as investors turned their attention to Donald Trump's meeting with Volodymyr Zelenskiy on Monday, with the Ukrainian leader facing US pressure to reach a peace deal with Russia that involves ceding territory. The US-Canadian Road Safety Gap Is Getting Wider A Photographer's Pipe Dream: Capturing New York's Vast Water System Festivals and Parades Are Canceled Amid US Immigration Anxiety A London Apartment Tower With Echoes of Victorian Rail and Ancient Rome Princeton Plans New Budget Cuts as Pressure From Trump Builds Brent traded near $66 a barrel after closing 1.5% lower in the previous session, while West Texas Intermediate was above $63. In a show of support, European leaders including European Commission President Ursula von der Leyen, French President Emmanuel Macron, and NATO Secretary-General Mark Rutte, will join the high-stakes meeting in Washington with Trump and Zelenskiy. The US president said after his talks with Vladimir Putin in Alaska on Friday that he'll urge Zelenskiy to make a quick deal, and sounded receptive to the Russian leader's demand that Ukraine give up large swathes of land. 'We're still a long ways off,' Secretary of State Marco Rubio, who took part in the summit, told Fox News on Sunday. 'We are not at the precipice of a peace agreement. We are not at the edge of one. But I do think progress was made.' Trump told European leaders after the meeting that the US could contribute to any security guarantees, and that Putin was prepared to accept that. However, it remains unclear what kind of guarantees are being discussed with the Russian leader, and what the Kremlin is willing to accept. In a Truth Social post late Sunday, Trump said Zelenskiy 'can end the war with Russia almost immediately, if he wants to, or he can continue to fight.' He also made a reference to Crimea, without providing further details. Prior to the summit in Alaska, Trump told allies that reaching a ceasefire would be his key demand, and threatened to walk out of the talks and impose tough new measures on Moscow and countries buying its oil if it wasn't met. On Friday, the US president signaled he was in no hurry to implement penalties. So far, Trump has singled out India for buying Russian crude, slapping the South Asian nation with hefty tariffs for doing so. However, the US president said in a Fox News interview on Friday that he will hold off increasing levies on Chinese goods due to the country's purchases of Moscow's crude. 'The fact that further meetings are taking place here is a positive,' said Robert Rennie, the head of commodity and carbon research at Westpac Banking Corp. Talks around seeking a resolution to the Ukraine war have injected uncertainty into the market, and led to oil trading in a narrow range recently. Still, futures are down more than 10% this year on concerns around the fallout from Trump's trade policies and as OPEC+ rapidly returns idled barrels to the market. What Declining Cardboard Box Sales Tell Us About the US Economy Americans Are Getting Priced Out of Homeownership at Record Rates Living With 12 Strangers to Ease a Housing Crunch Bessent on Tariffs, Deficits and Embracing Trump's Economic Plan How Syrian Immigrants Are Boosting Germany's Economy ©2025 Bloomberg L.P. 登入存取你的投資組合


Bloomberg
an hour ago
- Bloomberg
Best Security Guarantee Is Strong Ukraine Army: Chentsov
Vsevolod Chentsov, Ukraine's ambassador to the European Union, discusses the prospects for President Volodymyr Zelenskiy's meeting with Donald Trump today after the US President told leaders on a weekend call that he's open to US involvement in guarantees of Ukraine's security, according to people familiar with the matter. "The best security guarantee for us is a strong Ukrainian army," Chentsov tells Bloomberg Television. (Source: Bloomberg)